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Business News

Location American Business News for 23 October 2019
SoftBank announces it will own 80% of WeWork and provide billions to keep it operating SoftBank Group Corp. is taking control of WeWork and providing the office-space startup with billions to keep it operating.       
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Oil slipped on Wednesday after U.S. industry data showed a bigger-than-expected build in crude stockpiles, but possible deeper production cuts coming from OPEC and its allies prevented a further slide in prices.
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President Trump famously said during the 2016 campaign that he could shoot somebody in the middle of 5th Avenue, New York, and he wouldn't lose any voters. Apparently, if his lawyer is to be believed, he wouldn't go to j...
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WeWork can no longer afford to move in to former Lord & Taylor building WeWork paid so much for the former Lord & Taylor building off Bryant Park, it can no longer afford to move in, The Post has learned. Officials within WeWork's real estate leasing business have told employees in recent da...
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When the music stopped Tuesday afternoon, the CEOs of three large public companies were sitting in new seats.
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OctoML uses the Apache TVM software stack to automate optimization of machine learning models. The funding will be used to launch a SaaS service.
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What To Do If You Live In A Haunted House

Forbes - 23 Oct 2019 19:14
What To Do If You Live In A Haunted House While going to a haunted house sounds like an exciting night out, living in a haunted house can be far less fun.
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Auto Sector's Struggles Threaten Global Growth

Wall Street Journal - 23 Oct 2019 13:30
Auto Sector's Struggles Threaten Global Growth The global auto industry is going through a shakeout rarely seen outside recessions. It is hitting structural headwinds that are raising costs and constraining sales--and slowing the global economy.
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U.S. stock futures and Asian shares slipped on Wednesday as revenue warnings from Texas Instruments raised worries about the global tech sector and after British lawmakers forced the government to hit the pause button on...
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Beauty Stocks Face Slowing Cosmetics Demand

Wall Street Journal - 23 Oct 2019 22:26
Some investors in beauty stocks fear the near-term outlook for makeup has dulled.
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Poets and Quants (and Maybe Crooks)

Wall Street Journal - 23 Oct 2019 20:14
An alleged insider trader showed off her artistic and quantitative side.
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Google Sweetens Search-Engine Remedy After EU Pressure

Wall Street Journal - 23 Oct 2019 19:47
Google Sweetens Search-Engine Remedy After EU Pressure Alphabet Inc.'s Google has bowed to pressure from European Union antitrust chief Margrethe Vestager in offering better terms to rival search engines that want to appear on Android phones under a $4.8 billion antitrust de...
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Amazon Sells Clothes From Factories Other Retailers Blacklist

Wall Street Journal - 23 Oct 2019 19:25
Amazon Sells Clothes From Factories Other Retailers Blacklist After a 2013 factory collapse killed over 1,100 in Bangladesh, most big U.S. apparel companies agreed not to sell goods from plants violating worker-safety standards. Not Amazon.
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Best Buy is offering free next-day delivery for the holidays as the battle for fast shipping heats up AP/Sue Ogrocki Best Buy is offering free next-day delivery on thousands of products in time for the holidays, the company announced on Tuesday. The electronics retailer is following the lead of other companies like Amazo...
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Bitcoin falls to its lowest level since June as Zuckerberg testifies on Libra Reuters Bitcoin slumped as much as 9% on Wednesday — hitting its lowest level since June — ahead of Facebook CEO Mark Zuckerberg's testimonial on the company's proposed cryptocurrency, Libra. Zuckerberg is due to ans...
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U.S. budget carrier Spirit Airlines is close to agreeing a provisional deal to order as many as 100 single-aisle aircraft worth up to $12 billion at recent catalogue prices from Airbus , industry sources said.
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Boeing Co cut production of its flagship Dreamliner and delayed the arrival of a successor to its 777 mini-jumbo, piling new pressures on a rejigged senior management team on Wednesday as the continued safety grounding o...
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Kylian Mbappe broke a Lionel Messi record when he came off the bench to score 3 goals in PSG's 5-0 romp over Club Brugge Getty/Catherine Steenkeste Kylian Mbappe just became the youngest-ever player to score 15 Champions League goals. Mbappe came off the bench to score a hat-trick in Paris Saint Germain's 5-0 win over Club Brugge on Tuesda...
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Argentina Can Thrive If Macri Becomes The Leader Of A Rational Opposition To Alberto Fernández There are good reasons for Alberto Fernandez to succeed on the economic front, but he needs Macri and the opposition on his side.
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Without the SoftBank bailout deal, reeling space-sharing company WeWork would have been out of money by next Friday, sources tell CNBC's David Faber.
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Texas Instruments Inc forecast current-quarter revenue well below estimates on Tuesday.
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The White House attacked acting ambassador to Ukraine Bill Taylor on Tuesday after he gave a shocking testimony detailing President...
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